Publication:
Trade and Migration with Renewable Natural Resources : Out-of-Steady-State Dynamics

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dc.contributor.authorLópez, Ramón
dc.contributor.authorSchiff, Maurice
dc.date.accessioned2012-03-19T18:39:57Z
dc.date.available2012-03-19T18:39:57Z
dc.date.issued2010-05-01
dc.description.abstractCommodity price increases associated with the entry of China, India, and other countries into the world economy have led to increased pressure on common-property renewable natural resources. The problem is particularly worrisome for economies that obtain a large share of their income from the exploitation of natural resources in the production of an exportable commodity. This paper contributes to the analysis by examining the issue in the framework of a general equilibrium dynamic model and by solving for both the steady state and the transition dynamics. The authors show that i) a resource-rich, capital-poor economy is more likely to be subject to a "natural resource curse" and complete (irreversible) depletion of natural resources; ii) the latter's likelihood rises with the relative commodity price and labor inflow; iii) a labor inflow under internal equilibrium results in a higher steady-state capital-labor ratio and manufacturing output, and unchanged natural resources and commodity output; iv) import and export taxes result in larger steady-state natural resources and commodity output and smaller capital stock and manufacturing output, and may prevent complete depletion of natural resources; and v) the latter may also be prevented through capital inflows (foreign aid), labor outflow ( liberalization of the North's immigration policy), improved regulation, technical change, and a production tax.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100513165438
dc.identifier.doi10.1596/1813-9450-5310
dc.identifier.urihttps://hdl.handle.net/10986/3795
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5310
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURE
dc.subjectALLOCATION
dc.subjectALLOCATION OF RESOURCES
dc.subjectBANK OFFICE
dc.subjectBENCHMARK
dc.subjectBUDGET CONSTRAINT
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL GAIN
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL STOCKS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY EXPORT
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVE MARKETS
dc.subjectCONSUMPTION EXPENDITURES
dc.subjectCOST OF CAPITAL
dc.subjectCOUNTRY OF ORIGIN
dc.subjectDERIVATIVE
dc.subjectDERIVATIVES
dc.subjectDERIVED DEMAND
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING ECONOMY
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISCOUNT RATE
dc.subjectDISCOUNTED VALUE
dc.subjectDISEASES
dc.subjectDISEQUILIBRIUM
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC THEORY
dc.subjectELASTICITY
dc.subjectENVIRONMENTAL DEGRADATION
dc.subjectENVIRONMENTAL EXTERNALITIES
dc.subjectENVIRONMENTAL IMPACT
dc.subjectENVIRONMENTAL RESOURCES
dc.subjectENVIRONMENTAL SUSTAINABILITY
dc.subjectEQUATIONS
dc.subjectEQUILIBRIUM
dc.subjectEXPECTED RETURNS
dc.subjectEXPENDITURE
dc.subjectEXPORTS
dc.subjectEXTERNALITY
dc.subjectFERTILITY
dc.subjectFULL EMPLOYMENT
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOLDING
dc.subjectHOME COUNTRY
dc.subjectIMMIGRANTS
dc.subjectIMMIGRATION
dc.subjectIMMIGRATION POLICIES
dc.subjectIMMIGRATION POLICY
dc.subjectINCOME
dc.subjectINSTITUTIONAL CONSTRAINT
dc.subjectINSTITUTIONAL CONSTRAINTS
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL COMMUNITY
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTING
dc.subjectKNOWLEDGE DEVELOPMENT
dc.subjectKNOWLEDGE DIFFUSION
dc.subjectLABOR FORCE
dc.subjectLIBERALIZATION OF TRADE
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMARGINAL COST
dc.subjectMARGINAL UTILITY
dc.subjectMARGINAL VALUE
dc.subjectMARKET ACCESS
dc.subjectMARKET PRICE
dc.subjectMARKET SIZE
dc.subjectMIGRATION
dc.subjectMULTILATERAL ORGANIZATIONS
dc.subjectNATIONAL INCOME
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectNEGATIVE EXTERNALITY
dc.subjectNUMBER OF WORKERS
dc.subjectOPEN ECONOMY
dc.subjectOPPORTUNITY COST
dc.subjectOPTIMIZATION
dc.subjectPARTIAL EQUILIBRIUM ANALYSIS
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY DIALOGUE
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESEARCH WORKING PAPER
dc.subjectPOLITICAL ECONOMY
dc.subjectPOPULATION DYNAMICS
dc.subjectPOSITIVE PRODUCTION
dc.subjectPRICE INCREASES
dc.subjectPRODUCTION FUNCTIONS
dc.subjectPRODUCTIVE ASSETS
dc.subjectPROGRESS
dc.subjectPROPERTY RIGHTS
dc.subjectRATE OF GROWTH
dc.subjectRATE OF RETURN
dc.subjectRATE OF RETURN ON CAPITAL
dc.subjectRATE OF RETURN TO CAPITAL
dc.subjectREAL INCOME
dc.subjectREGULATORY SYSTEMS
dc.subjectREMITTANCES
dc.subjectRESOURCE DEPLETION
dc.subjectRESOURCE USE
dc.subjectRESPECT
dc.subjectRURAL AREAS
dc.subjectSAVINGS
dc.subjectSTOCK OF CAPITAL
dc.subjectTAX
dc.subjectTAX REVENUES
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL OUTPUT
dc.subjectTRADE BALANCE
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE REGIME
dc.subjectTRADE TAX
dc.subjectTRADE TAXES
dc.subjectUTILITY FUNCTION
dc.subjectVALUE OF OUTPUT
dc.subjectWATER RESOURCES
dc.subjectWATER SUPPLIES
dc.subjectWORLD ECONOMY
dc.subjectWORLD MARKET
dc.subjectWORLD TRADE
dc.titleTrade and Migration with Renewable Natural Resources : Out-of-Steady-State Dynamicsen
dspace.entity.typePublication
okr.crossref.titleTrade And Migration With Renewable Natural Resources : Out-Of-Steady-State Dynamics
okr.date.doiregistration2025-04-10T11:50:04.761196Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100513165438
okr.globalpracticeHealth, Nutrition, and Population
okr.guid125331468218098651
okr.identifier.doi10.1596/1813-9450-5310
okr.identifier.externaldocumentum000158349_20100513165438
okr.identifier.internaldocumentum12252610
okr.identifier.reportWPS5310
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/05/13/000158349_20100513165438/Rendered/PDF/WPS5310.pdfen
okr.region.administrativeSouth Asia
okr.region.administrativeSouth Asia
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.region.geographicalSouth Asia
okr.region.geographicalEast Asia
okr.region.geographicalAsia
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicHealth, Nutrition and Population
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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